Ms Chiku owns a house property the particulars of which are as given below $-$

Fair rent $-$ Rs$.2,00,000$

Municipal Value $-$ Rs$.1,90,000$

Standard Rent$-$Rs$.1,75,000$

Actual Rent received$-$ Rs$.16,000$ per month

Municipal Taxes paid $-$ Rs$.69,000,$ which includes arrear taxes for the previous year $2020-21$ and $2021-2022$ amounting to Rs$.33,000.$